The passenger vehicle inventory in India has hit a record 80-85 days, raising alarms from the Federation of Automobile Dealers Association (FADA).
Currently, dealers hold 7.9 lakh vehicles worth ₹79,000 crore. This inventory surge comes even as auto sales dropped by 9.26% in September, with passenger vehicles down by 18.81% and two-wheelers by 8.51%. FADA warns that high inventories are causing cash flow issues for dealers